10/4 05:55 Newsletter distribution Scenario of USD/JPY price movement
Today's USD/JPY Outlook: Building a Scenario for USD/JPY Price Movement
USD/JPY is stronger than expected.Typically, I expect a pullback due to daily resistance, so I will outline a scenario with a bit of early warning from here, but please do not take it as absolute.
I think a correction could be due any time now.
＜2018.10.4 05:55 Newsletter Distribution＞
● Scenario 1
After rising to around 114.550–650, it may consolidate or correct. If it breaks above the range, it could rise to around 114.800–900. If it breaks below the range or corrects, it may fall to around 114.300–400. After rising to around 114.800–900 again, it may consolidate or correct around that level. If it breaks above the range, it could rise to around 115.000–100; if it breaks below or corrects, it may fall to around 114.550–650. After rising to around 115.000–100, there is a possibility of another pullback.
● Scenario 2
If the 15-minute close breaks below 114.300, the continuation is herehere
After rising to around 114.550–650, it may consolidate or correct. If it breaks above the range, it could rise to around 114.800–900. If it breaks below the range or corrects, it may fall to around 114.300–400. After rising to around 114.800–900 again, it may consolidate or correct around that level. If it breaks above the range, it could rise to around 115.000–100; if it breaks below or corrects, it may fall to around 114.550–650. After rising to around 115.000–100, there is a possibility of another pullback.
● Scenario 2
If the 15-minute close breaks below 114.300, the continuation is herehere
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